Harvard proposes Bain Capital manage endowment
Harvard University considers Bain Captial to manage their $37.1 million endowment. The deal is being proposed due to underperforming investment results within the last decade. The global investment firm based out of Boston would hire 20 people from a preexisting Harvard Management Co. to assist in overseeing the endowment.
Compass Self Storage acquires self-storage center
Compass Self Storage acquires a 68,000 square foot self-storage center. This acquisition is the seventh location in the great Dallas- Fort Worth market. Located in an area accessible by major interstates this storage facility is sure to make customers lives’ easier.
The One in Toronto will feature luxury hotel
Mizrahi Developments, the genius developers behind The One, have decided to add a luxury hotel to the future building. As the new tallest building in Toronto, The One has a lot to live up to so adding a luxury hotel in place of ten levels of retail space was a good decision. But as to who the hotel brand will be we still do not know.
Piedmont Strikes Deal to Sell 14 Office Buildings to Pair of Undisclosed Buyers
Piedmont Office Realty Trust announced that it’s in the process of selling 14 office properties across the U.S. The two buyers will dish out a total of $425.9MM to the REIT. The properties boast a combined occupancy of 76% and cover 2.6MM Sq. Ft.